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Covid-19’S Impact On The Nuts2 Economies In Romania

Author

Listed:
  • Victor-Romeo Ionescu

    (Dunarea de Jos" University of Galati)

  • Monica Laura Zlati

    ("Ștefan cel Mare" University of Suceava, Romania)

  • Valentin Marian Antohi

    (Dunarea de Jos" University of Galati, Romania)

Abstract

The paper takes into consideration the impact of the Covid-19 pandemic and of the economic crisis on the NUTS2 public administrations in Romania. The authors propose a new econometric model able to offer concrete solution to the decision makers in order to realize the economic restart. The analysis covers all 8 NUTS2 regions and Romania and is based on statistical data during 2008-2020. These data were transposed on a matrix, obtaining trend curves of the financial performance dynamics (reflected by the obtained turnover) of the entities from the primary, secondary and tertiary sector, according to the CAEN code. The trend curves were analysed segmented by regions in order to obtain the economic evolution of each region. The main conclusion of the paper is that there is a powerful connection between the moment of the economic restarting and the dimension of the socio-economic costs in each NUTS2 region.

Suggested Citation

  • Victor-Romeo Ionescu & Monica Laura Zlati & Valentin Marian Antohi, 2020. "Covid-19’S Impact On The Nuts2 Economies In Romania," Romanian Journal of Regional Science, Romanian Regional Science Association, vol. 14(1), pages 25-44, JUNE.
    • Handle: RePEc:rrs:journl:v:14:y:2020:i:1:p:25-44
    as

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    References listed on IDEAS

    as
    1. Alexis Akira Toda, 2020. "Susceptible-Infected-Recovered (SIR) Dynamics of COVID-19 and Economic Impact," Papers 2003.11221, arXiv.org, revised Mar 2020.
    2. Andrew Atkeson, 2020. "What Will be the Economic Impact of COVID-19 in the US? Rough Estimates of Disease Scenarios," Staff Report 595, Federal Reserve Bank of Minneapolis.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    NUTS2 administration capacity; Covid-19’s economic impact; economic crisis; econometric model of assisting the regional decision;
    All these keywords.

    JEL classification:

    • R10 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - General
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • R12 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade (economic geography)

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